EntryPoint Capital LLC Acquires New Position in Regions Financial Corporation $RF

Key Points

• EntryPoint Capital LLC has acquired a new stake in Regions Financial Corporation, purchasing 10,403 shares valued at approximately $226,000.
• Regions Financial has recently increased its quarterly dividend from $0.25 to $0.265 per share, representing a 4.0% dividend yield.
• In the 1st quarter, several institutional investors raised their positions in Regions Financial, with a significant portion of the stock—79.39%—owned by these entities.

EntryPoint Capital LLC acquired a new stake in Regions Financial Corporation (NYSE:RF - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 10,403 shares of the bank's stock, valued at approximately $226,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Venture Visionary Partners LLC raised its position in shares of Regions Financial by 37.1% in the 1st quarter. Venture Visionary Partners LLC now owns 395,771 shares of the bank's stock valued at $8,600,000 after purchasing an additional 107,048 shares during the last quarter. Credit Agricole S A raised its position in Regions Financial by 1.8% during the 1st quarter. Credit Agricole S A now owns 342,774 shares of the bank's stock worth $7,448,000 after buying an additional 6,151 shares during the last quarter. Groupama Asset Managment raised its position in Regions Financial by 11.9% during the 1st quarter. Groupama Asset Managment now owns 133,016 shares of the bank's stock worth $2,849,000 after buying an additional 14,162 shares during the last quarter. Quantbot Technologies LP raised its position in Regions Financial by 37.7% during the 1st quarter. Quantbot Technologies LP now owns 429,678 shares of the bank's stock worth $9,337,000 after buying an additional 117,588 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in Regions Financial by 3.7% during the 1st quarter. Wellington Management Group LLP now owns 44,211,562 shares of the bank's stock worth $960,717,000 after buying an additional 1,562,512 shares during the last quarter. 79.39% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Roger W. Jenkins acquired 4,000 shares of the company's stock in a transaction dated Wednesday, August 13th. The shares were acquired at an average price of $25.48 per share, with a total value of $101,920.00. Following the purchase, the director directly owned 6,383 shares of the company's stock, valued at $162,638.84. This trade represents a 167.86% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP David R. Keenan sold 30,000 shares of Regions Financial stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $25.01, for a total transaction of $750,300.00. Following the completion of the sale, the executive vice president directly owned 90,915 shares in the company, valued at $2,273,784.15. This represents a 24.81% decrease in their position. The disclosure for this sale can be found here. 0.29% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on RF shares. Morgan Stanley raised their price target on shares of Regions Financial from $27.00 to $29.00 and gave the stock an "equal weight" rating in a research report on Monday, July 21st. Truist Financial reissued a "hold" rating on shares of Regions Financial in a research report on Friday, May 23rd. Keefe, Bruyette & Woods raised their price target on shares of Regions Financial from $29.00 to $30.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Jefferies Financial Group started coverage on shares of Regions Financial in a research report on Wednesday, May 21st. They set a "hold" rating and a $24.00 price target for the company. Finally, DA Davidson raised their price target on shares of Regions Financial from $25.00 to $29.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Eleven analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $27.33.

Regions Financial Price Performance

Shares of NYSE RF opened at $26.76 on Friday. The stock has a market capitalization of $23.88 billion, a price-to-earnings ratio of 12.45, a PEG ratio of 1.54 and a beta of 1.01. Regions Financial Corporation has a 12 month low of $17.74 and a 12 month high of $27.96. The firm's 50 day simple moving average is $24.69 and its 200-day simple moving average is $22.68. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.82 and a quick ratio of 0.82.

Regions Financial (NYSE:RF - Get Free Report) last issued its quarterly earnings data on Friday, July 18th. The bank reported $0.60 EPS for the quarter, topping analysts' consensus estimates of $0.56 by $0.04. The business had revenue of $1.91 billion for the quarter, compared to analysts' expectations of $1.86 billion. Regions Financial had a net margin of 21.81% and a return on equity of 13.08%. The business's revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the company earned $0.52 EPS. Analysts expect that Regions Financial Corporation will post 2.26 EPS for the current year.

Regions Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Tuesday, September 2nd. This is a positive change from Regions Financial's previous quarterly dividend of $0.25. Regions Financial's dividend payout ratio is 49.30%.

About Regions Financial

Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers. It operates through three segments: Corporate Bank, Consumer Bank, and Wealth Management. The Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending; equipment lease financing; deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.

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